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By admin 2018-05-19

Spot cotton trading was slow. Supplies and producer offerings were light. Demand was light. Average local spot prices were lower. Producer interest in forward contracting was light, due to droughty conditions. Trading of CCC-loan equities was inactive. Foreign inquiries were light. Dry, windy conditions prevailed with daytime highs in the mid-80s to upper 90s, and overnight temperatures in the low 40s to upper 60s. Scattered afternoon storms brought rain, hail, and gusting winds to the cotton-growing areas. Estelline and other areas received severe hail storms and up to 5 inches of moisture early in the reporting period. Parts of Lubbock received rainfall the evening of May 15. Planting expanded when outside conditions were favorable. Fields were irrigated and some had emerged.